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News about Mortgages:
Church hierarchy stalled priest ousters, Weakland testifies - Milwaukee Journal SentinelNov. 20, 2008 2:34 p.m. | Now-retired Archbishop Rembert Weakland, in a videotaped deposition released today, said his attempts to oust sexually abusive priests from the priesthood was stalled by a protective church hierarchy despite his pleas for ...
Latest News - dBusinessNews.comLawson Software Announces Cost Reduction Measures ST. PAUL - Lawson Software today announced it is implementing ... Chuck Harrington Named Chairman of the Parsons Corporation Board of Directors PASADENA -- The Board of Directors of Parsons ...
State universities and colleges wade into uncertain economic times - Wisconsin State JournalIt's no secret that many with ties to higher education in Wisconsin were giddy upon learning Nov. 4 that Democrats had secured control of the state Assembly, putting the party in charge of both houses of the state Legislature and the governor's ...
Miller Electric to eliminate 95 jobs - Milwaukee Journal SentinelNov. 19, 2008 | Appleton-based Miller Electric Mfg. Co. said today it will eliminate 95 jobs, or about 6% of its 1,500-person work force in response to the national economic situation and the slowing demand for Miller's commercial and industrial ...
McCain touts plans at La Crosse Center - La Crosse TribuneWith 25 days until the election, Republican presidential candidate John McCain said Friday that Wisconsin is key to winning in November. In a 21-minute speech punctuated by chants of “U-S-A” from the crowd of 4,000 people in the La Crosse Center ...
McCain proposes suspending mandatory stock sales - Boston GlobeLA CROSSE, Wis.— John McCain proposed Friday that the elderly be allowed to hang on to the stocks in their retirement funds and not be forced to sell them in a bad market. The Republican presidential candidate would suspend requirements that people ...
McCain: No mandatory retirement fund sales - CNN MoneyLA CROSSE, Wis. (AP) -- John McCain proposed Friday that the elderly be allowed to hang on to stocks in their retirement funds and not be forced to sell them in a bad market. The Republican presidential candidate would suspend requirements that ...
Study: Housing industry pays for itself - La Crosse TribuneONALASKA — La Crosse County’s home building industry more than pays for itself, with its economic impact resulting in new income and jobs and in additional tax revenue, an economist said Wednesday. Elliot Eisenberg, a senior economist with the ...
McCain, Obama offer ideas to aid economy - MSNBCFrom the U.S. president-elect’s ancestral homes in Kenya and Ireland to his namesake town in Japan, election fever grips the globe. LA CROSSE, Wisconsin - John McCain and Barack Obama outlined modest steps to counter the faltering economy and ...
Obama and McCain push economic plans as stocks plunge - NewsdayBarack Obama proposed a $5-billion program to help small businesses, and John McCain called for suspending some rules on retirement account withdrawals as the faltering economy remained center stage for both campaigns Friday. Obama said business ...
Today's Mortgage Terms starting with F
Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac): A semi government agency that acquires conventional loans that are underwritten to its specific guidelines. These guidelines are an industry standard for residential conventional lending.
Federal Housing Administration (FHA): A federal agency within the Department of Housing and Urban Development (HUD), which insures residential mortgage loans made by private lenders and sets standards for underwriting mortgage loans.
Federal National Mortgage Association (FNMA or Fannie Mae): This agency purchases loans that are underwritten to its specific guidelines. These guidelines are an industry standard for residential conventional lending.
FHA Loans: Fixed or adjustable-rate loans that are insured by the U.S. Department of Housing and Urban Development. The purpose of FHA loans is to make housing more affordable, especially for first-time homebuyers.
First Mortgage: A mortgage which is in first lien, taking priority over all other liens. In case of a foreclosure, the first mortgage will be repaid before any other mortgages.
Fixed Rate Loan: Fixed-rate loans have interest rates and payments that are fixed through out the term of the loan.
Foreclosure: A legal process in which a mortgaged property may be liquidated to pay off a mortgage loan that is in default.
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